SVB Financial Group (NASDAQ:SIVB) has earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $203.27.

A number of research firms recently commented on SIVB. Stephens reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SVB Financial Group in a research note on Friday, July 28th. Maxim Group raised their price objective on shares of SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. BidaskClub lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $195.00 price objective on shares of SVB Financial Group in a research note on Friday, July 14th. Finally, Morgan Stanley raised their price objective on shares of SVB Financial Group from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th.

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Shares of SVB Financial Group (SIVB) traded down 1.10% on Friday, hitting $182.85. The company’s stock had a trading volume of 318,640 shares. The stock’s 50 day moving average is $178.95 and its 200-day moving average is $180.74. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 22.22 and a beta of 1.59. SVB Financial Group has a 52 week low of $100.11 and a 52 week high of $198.83.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. SVB Financial Group had a net margin of 24.36% and a return on equity of 11.27%. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $451.96 million. During the same quarter last year, the business posted $1.78 EPS. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that SVB Financial Group will post $8.97 earnings per share for the current year.

In other SVB Financial Group news, insider Philip C. Cox sold 3,024 shares of SVB Financial Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $182.80, for a total transaction of $552,787.20. Following the completion of the sale, the insider now owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Wallace sold 8,790 shares of SVB Financial Group stock in a transaction on Monday, May 15th. The shares were sold at an average price of $182.58, for a total transaction of $1,604,878.20. Following the sale, the insider now directly owns 14,248 shares of the company’s stock, valued at approximately $2,601,399.84. The disclosure for this sale can be found here. Insiders have sold a total of 22,314 shares of company stock valued at $4,085,570 in the last three months. Company insiders own 0.73% of the company’s stock.

Large investors have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of SVB Financial Group during the first quarter worth about $117,000. Exane Derivatives bought a new stake in shares of SVB Financial Group during the second quarter worth about $119,000. Peddock Capital Advisors LLC bought a new stake in shares of SVB Financial Group during the second quarter worth about $130,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of SVB Financial Group by 79.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 774 shares of the bank’s stock worth $136,000 after buying an additional 343 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of SVB Financial Group by 58.6% in the second quarter. Global X Management Co. LLC now owns 782 shares of the bank’s stock worth $137,000 after buying an additional 289 shares during the period. 95.12% of the stock is owned by institutional investors.

SVB Financial Group Company Profile

SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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